Seven OPEC+ countries have an agreement in principle to raise oil output quotas for June by approximately 188,000 barrels per day, according to two sources.

May 2, 2026, 11:09:12 AM UTC(23 hours ago)

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Seven OPEC+ countries have an agreement in principle to raise oil output quotas for June by approximately 188,000 barrels per day, according to two sources.
Seven OPEC+ countries have reached an agreement in principle to increase oil output quotas for June by approximately 188,000 barrels per day, according to sources.
This follows a previous agreement to raise quotas by 206,000 barrels per day for May.
OPEC+ has previously agreed to boost oil output, with some members unable to fully meet their quotas.
The group, including Russia and Saudi Arabia, has been adjusting output amid global demand and geopolitical factors.

SEVEN OPEC+ COUNTRIES HAVE AGREEMENT IN PRINCIPLE TO RAISE OIL OUTPUT QUOTAS FOR JUNE BY ABOUT 188,000 BPD, TWO SOURCES SAY